Kylie Jenner's net worth nears $1 billion, richer than Kim Kardashian

Kylie Jenner poised to become youngest billionaire ever

Forbes reports that Jenner is now the 27th richest self-made woman in the United States, beating out the rest of her famous family (her older sister Kim Kardashian is worth an estimated $350 million).

Describing Kylie's business success, Forbes wrote on its website, "Jenner runs one of the hottest makeup companies ever".

Forbes values Kylie Cosmetics - which launched with only lip kits less than three years ago - at almost $800 million.

"Thank you @Forbes for this article and the recognition", added Kylie.

Makeup mogul and former human Lip Filler Kylie Jenner is on the cover of the latest issue of Forbes magazine, being heralded as a self-made billionaire.

For example, the richest woman in the world, Walmart heiress Alice Walton - whose net worth is estimated to be a whopping $46 billion - is not on the self-made billionaires list because her wealth is inherited.

China will counterattack USA tariffs
The dollar and USA treasuries have also been sensitive. -China economic relationship had grown to be "no longer sustainable". The trade spat with China is part of the president's broader plan to renegotiate American trade deals with other countries.

Iran oil minister: No change in production, export
Iran, OPEC's third-largest producer, is facing USA sanctions on its oil exports that are prompting some buyers to cut purchases. Besides, the anti-Iran efforts by the USA president are largely to blame for the high oil prices in global markets, he added.

Germany ‘totally controlled’ by Russia, Trump claims as fraught NATO summit begins
The project is opposed by the USA and some European Union members. "Just doesn't work!" he tweeted as he arrived in Brussels . Of Nato's 29 members , just five meet that target this year: the US, Greece, Estonia, the United Kingdom and Latvia.

Forbes' Natalie Robehmed details how Kylie Cosmetics has found success both by harnessing Jenner's huge social media following and slashing costs by outsourcing labor. I have such easy access to my fans and my customers'. The youngest of the KarJenners, she said she felt out of place trying to carve her own niche away from the show.

Granted, being born into a rich family must have given her a pretty good head start, but her hard work and business mind can't go unnoticed.

"Ever since I was in sixth grade, I would wear purple eye shadow", she remembers. "I turned to makeup to help me feel more confident". (In 2015, she admitted to getting temporary ones.) So, the reality star made a decision to capitalize on everyone's obsession.

After trademarking the brand in 2014, Jenner said she put up $250,000 of her own money made from modeling contracts and endorsement deals to kick-start the brand with the first batch of lip kits.

Kylie Cosmetics is dealing with slowing growth - Forbes reports that revenue grew just 7% previous year, with lip-kit revenue dropping an estimated 35%. After leaping to $307 million in 2016, revenue was up just 7% in 2017, despite the addition of 30 products. However, mother Kris maintains that revenue is up "considerably" in the first six months of 2018 compared to previous year, but it's an assertion that Forbes couldn't verify.

"Maybe one day [I'll] pass this on to Stormi, if she's into it", Kylie told the publication, adding that she plans on keeping the business going "forever". "It's always something that we're willing to explore", the matriarch tells Forbes.

Related news:

Hot News

isis-killer-beheading-video-story-top Remember Gareth Southgate In This Pizza Hut Advert?
Jul 11, 2018 - 21:03
The Duke of Cambridge, who is president of the Football Association, told the Three Lions the whole country is behind them. Speaking to Sky News , the ex-footballer said: "Football's coming home, I couldn't listen to it for 20 years, frankly".

isis-killer-beheading-video-story-top Houston model bitten by shark while swimming in the Bahamas
Jul 11, 2018 - 20:51
The views expressed therein are not necessarily those of stlucianewsonline.com, its sponsors or advertisers. She was bitten on the wrist, and in true model fashion, she took pictures of the wound.

isis-killer-beheading-video-story-top Bucks Rookie Donte DiVincenzo Only Has $3.71 In His Bank Account
Jul 11, 2018 - 20:37
Milwaukee Bucks rookie Donte DiVincenzo showed how much he really has in his bank account. DiVincenzo's "life is boutta change", wrote Wilson, along with a sack of money emoji.

isis-killer-beheading-video-story-top European Space Agency Taps Airbus for Mars Sample Return Mission
Jul 11, 2018 - 20:21
Airbus in Stevenage, England will design a rover aimed at collecting Martian soil samples and returning them to Earth. Fetch will then return to its lander, which has a cylinder attached to it that contains a Mars Ascent Vehicle.

isis-killer-beheading-video-story-top Russell Knox wins Irish Open after monstrous playoff putt
Jul 11, 2018 - 20:00
The New Zealander had that putt for the title but missed on the high side and the pair were left to go back up the last. I've done it before in the USA on the last hole, 12 feet.

isis-killer-beheading-video-story-top Neville thought 3 England stars would struggle at World Cup
Jul 11, 2018 - 19:43
He said he that England would reach the final and that he expected the atmosphere in Croatia to be electric. He said: "The momentum is growing and I think our squad has greater depth".

isis-killer-beheading-video-story-top Photo of DJI's upcoming Mavic 2 leaked online hints at swappable cameras
Jul 11, 2018 - 19:41
DroneDJ says it received a photo from a tipster showing what's allegedly a new model that hasn't been announced yet - the Mavic 2. A closer look at the alleged DJI Mavic 2 photo revealed that it looked like a sleeker and more aerodynamic DJI Mavic Pro.

isis-killer-beheading-video-story-top Sanctions have turned into opportunity: Iran's defense chief
Jul 11, 2018 - 19:28
The US has told India and other countries to cut oil imports from the Gulf nation to "zero" by November 4 or face sanctions. Iran supplied 18.4 million tonnes of crude oil during April 2017 and January 2018 (first 10 months of 2017-18 fiscal).

isis-killer-beheading-video-story-top Na eases to five-shot PGA Tour victory
Jul 11, 2018 - 19:11
He sank a five-foot birdie putt at the fourth and one twice as long at the fifth before dropping a 32-footer at the sixth. Kraft birdied the last for an even par 70 and solo second place ahead of compatriots Brandt Snedeker and Jason Kokrak.

isis-killer-beheading-video-story-top Croatia identify England danger man for semi-final
Jul 11, 2018 - 17:03
In a more encouraging sign, this time around, they've also won their first penalty shootout at world football's showpiece tournament.

isis-killer-beheading-video-story-top How to Watch England vs. Croatia
Jul 11, 2018 - 16:23
Either way, they face their biggest test yet this World Cup and in the biggest game of their careers. He's been showing season in, season out that he's one of the best strikers in the Premier League.

isis-killer-beheading-video-story-top Chelsea eye Schmeichel as potential Courtois replacement
Jul 11, 2018 - 16:01
Chelsea however, are willing to spend around €70mn on Alisson and sell Courtois to Madrid to regain their expenses. On whether he will remain at Stamford Bridge, he added: "I'm not going to talk about that now".

isis-killer-beheading-video-story-top How to watch England vs Croatia tonight
Jul 11, 2018 - 15:47
They worked in '98 and we worked today, we reached out target to get to the final. France lost the Euro 2016 final to Portugal. "We must take advantage of it now".

isis-killer-beheading-video-story-top Ozil should quit national team: Father
Jul 11, 2018 - 14:27
He also said that his son had taken the photo with Erdogan out of "politeness" and it was never meant to be a political statement .

isis-killer-beheading-video-story-top Fakhar Zaman terms PSL as game changer
Jul 11, 2018 - 14:22
It's a career-best number for him, his first time in the Top 10, with 690 points, also a career high. Speaking exclusively to Geo.tv, Fakhar said PSL played an important part in growing him as a player.